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BSV mystery buyer doubles market cap

This turned out much better than hoped. BSV folks are so starved for good news, feels good to see them vindicated in some way.
I think we made a huge step in the right direction in terms of getting BSV more exposure in mainstream and restarting the narrative of who Satoshi Nakamoto is.
If CSW is not fucking up everything he should have plenty opportunities to sit down with serious journalists or crypto folks and get fresh eyeballs on this matter.

I doubt this is BSVs moon phase and I expect the coin to be pushed down again or some of the old BSV folks have their sell orders ready in fear of the next dump incoming. I just feel like the energy has changed. I participated yesterday in Twitter Spaces and around 400 people joined. Lots of newcomers with questions and a very friendly and open atmosphere. 1 BTC heckler joined but everyone else was just grateful for open discussion. The crypto twitter folks are just a fraction of the people that will eventually come into the Blockchain world. If you now try to find out who Satoshi is, CSW must be the main person to take into consideration. And you cannot just say fraud and move on anymore. That factor alone will bring plenty more people but even the media might rethink their perception of CSW.

Either way this has been a crazy 3 days with 12.9 USD and now spikes up to 200 USD.
GOAT I sent you another pm. Please check
BSV is fully decoupled broz!!!
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  • Post #484
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  • Edited at 8:05pm Dec 7, 2021 7:15pm | Edited at 8:05pm
kucoin seem to have 'held' my bsv transfer with no explanation or confirmation requirement, as in it is there but not active in the account, not sure whats going on there but they are selling at 181, maybe not showing how many confs they req? .. average price is still 163..

see twitter with BTC buyers claiming they want to increase supply limit urgently

ETH holders getting very loud over fees and Vitaliks new Endgame

exchanges making it very difficult for bsv supply to move

short sellers still sitting on bsv


.. perfect storm?

Quoting Goat
I have 1,545 more coins to buy on the crazy train to 20K coins.
20k far out, you must be pushing price
grist for the mill
https://www.youtube.com/watch?v=F7Odk_yeQkU
kucoin still has not enabled my coins but the tx has completed, lucky it was a test

their orderbook is also odd, they stack buy side and then maybe an hour later they can be seen stacking sell side, but it doesnt seem to be real orders as rare to see >5-10 coins hit price, usually all under 1 coin, would be interesting to see what happens if they get hit with a 50 coin market order

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grist for the mill
Still decoupled!
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Quoting JackJones
kucoin still has not enabled my coins but the tx has completed, lucky it was a test their orderbook is also odd, they stack buy side and then maybe an hour later they can be seen stacking sell side, but it doesnt seem to be real orders as rare to see >5-10 coins hit price, usually all under 1 coin, would be interesting to see what happens if they get hit with a 50 coin market order {image}
two days later it is active, seriously what is kucoin up to? lol

went digging, apparently you can lend your BSV on kucoin, you put the amount you want to lend on a list and tell them the interest you want on it, maybe someone will buy it maybe they dont... lending it to short sellers? binance have their pools as do others but kucoins seems different, seems they are middlemen in an internal market for who ever wants to buy .. might put a few in and ask for 5-10% a month #askingfortrouble
grist for the mill
Found another solid Satoshi proof: https://www.youtube.com/watch?v=_yuyrxGJ-FU
This guy brings up a few interesting points I haven't heard from others. For example, "why is CW so obsessed with the original protocol if he didn't create the protocol?". He says he's neutral in the Satoshi debate, but he slips on several things that make it look like he's only pretending to be neutral. Homie is too smart to doubt Craig.
Quoting JackJones
apparently you can lend your BSV on kucoin, you put the amount you want to lend on a list and tell them the interest you want on it
BSV made it to the land of DeFi.

If you attempt this lending, I'd be very interested to see screenshots, returns, etc. I'm highly skeptical of dEFi, but I don't know the ins and outs. I just assume it's s scam because you can't pay 10% APY if there's nobody borrowing at 12% APY.
Quoting Goat
{quote} BSV made it to the land of DeFi. If you attempt this lending, I'd be very interested to see screenshots, returns, etc. I'm highly skeptical of dEFi, but I don't know the ins and outs. I just assume it's s scam because you can't pay 10% APY if there's nobody borrowing at 12% APY.
There is nothing DeFi about KuCoin lending.
Quoting cryptocow
{quote} There is nothing DeFi about KuCoin lending.


I haven't deeply researched dEfI or KucCoin, so bear with me here....

DEfi is where a contract is written so lenders are automagically paid an APY based on how many coins are deposited.

KukCoin is a marketplace where two parties agree on a loan amount and APY, ie peer-to-peer lending.

Is that right??
  • Post #494
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  • Edited at 6:57pm Dec 13, 2021 4:05pm | Edited at 6:57pm
20,000 BSV are in the bag.

Win or lose, I'll be known for this trade. Like the pound-short defined Soros's trading career, this trade will define mine. This is where my trading career ends or where my philanthropy begins.

I'm not touching this position until BSV hits $1,000. Jesus take the wheel!
  • Post #495
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  • Edited at 6:16pm Dec 13, 2021 4:53pm | Edited at 6:16pm
Quoting Goat
{quote} BSV made it to the land of DeFi. If you attempt this lending, I'd be very interested to see screenshots, returns, etc. I'm highly skeptical of dEFi, but I don't know the ins and outs. I just assume it's s scam because you can't pay 10% APY if there's nobody borrowing at 12% APY.
Celsius has been providing yield on BSV for awhile. It is a much lower yield than BTC or others though, I assume because the demand for BSV funding is much lower than the demand for BTC funding atm.
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On Celsius you can get the same rate on your BTC deposits as you pay for a USD loan but only if you lockup $15k in BTC collateral. If you want a cheaper rate to borrow from them than to "lend" to them you need ~$20k in collateral (you pay 1%). I'm guessing this is because they can rehypothecate your collateral for their own lending income. Note: this is all at the $5k level... the economics change depending on how much you borrow/deposit.

I believe this is similar to how Blockfi and others do it as well. Ref - https://celsius.network/crypto-loans
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  • Post #496
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  • Edited at 6:14pm Dec 13, 2021 5:02pm | Edited at 6:14pm
Quoting g-force
I believe this is similar to how Blockfi and others do it as well.
Blockfi's rates to customers are a little lower right now. Celsius must be competing on price to lure some customers away from the incumbent.

Blockfi also makes you pay a higher rate and hold more collateral on their loans than Celsius does. But I'm comparing a larger loan because Blockfi's minimum is $10k. They also have a $200 origination fee, I don't think Celsius does that.
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Celsius @ $10k loan is essentially the same as Blockfi. Slightly more competitive rate but with more collateral.
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Quoting Goat
20,000 BSV are in the bag. Win or lose, I'll be known for this trade. Like the pound-short defined Soros's trading career, this trade will define mine. This is where my trading career ends or where my philanthropy begins. I'm not touching this position until BSV hits $1,000. Jesus take the wheel!
Yeap might be a crypto winter coming so I'll join in the 5 year quest. I've sat on equities and penny energies for longer and bsv has a business case imo, so if it doesn't work out for bsv then so be it, otherwise happy days, cheers! ;?
grist for the mill
Quoting Goat
DEfi is where a contract is written so lenders are automagically paid an APY based on how many coins are deposited.
DeFi is more than just lending and APYs. Swapping tokens on Uniswap is "DeFi" and there is no APY or lending there.

DeFi is "an umbrella term for a collection of cryptoasset projects that aim to do away with a centralised intermediary — like a bank or an exchange — to provide financial services. They use DApps to execute common services like lending, savings accounts and trading coins." [1]

Quoting Goat
KukCoin is a marketplace where two parties agree on a loan amount and APY, ie peer-to-peer lending. Is that right??
Yes. As KuCoin states, "crypto lending is an alternative investment strategy that allows investors to lend cryptocurrency to borrowers in exchange for interest. In essence, this system comprises two parties – the lender and the borrower." [2]

KuCoin lending is not "DeFi" because it both relies on a centralized intermediary (KuCoin) and it does not use DApps for the execution of the lending.

[1] https://www.ft.com/content/df9f5795-...e-304056db61ef
[2] https://www.kucoin.com/blog/everythi...crypto-lending
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BSV breaks $100 boys
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